10 Decisions You Need to Make to Build a Passive Income

This guide takes around 15 to 30 minutes to read. So you might think ... “Do I really need to read it all?”

That’s a fair question.

Here’s the thing: You’re about to have a portfolio planning session. Soon you’ll consider spending hundreds of thousands of dollars on an investment property.

You’ll have conversations about getting into debt. And about taking on the risks of becoming a property investor.

This will be one of the largest financial decisions of your life ... so it’s important to get it right and avoid common mistakes.

That’s why this guide takes you through the main points you need to know when you invest in property.

It also helps you make the top 6 decisions you’ll need to make when you invest.

It’s crucial that you read this: It will make you feel more comfortable and informed when making these decisions.

Don’t worry, you don’t need to read every link in the book. But you do need to take the time to get familiar with the concepts. It could save you hundreds of thousands of dollars and help you make a better financial decision.

Are you investing with a partner?

You might think, “I’m the one interested in property. Do they need to read it too?” Yes. Reading this guide is even more important if they’re not interested

in property.

It will help them feel more comfortable and you’ll be on the same page.
That way you can decide if property investment is the right fit for you and your relationship (or not).

You’ve signed up for a Portfolio Planning Session. 

By the end of the meeting you will have created a Wealth Plan with a financial adviser from Opes Partners.
The Portfolio Planning Session is the 1st of 3 meetings in our process.

In the Portfolio Planning Session, you will:

1. Use My Wealth Plan (our in-house software) to create a financial plan.

2. Discuss which sort of properties you want to invest in.

3. Decide when you want to buy your first property.

To prepare for the meeting you need to fill out your core financial information in My Wealth Plan.

This will save you about 15 minutes in the meeting. It will also give your financial adviser time to prepare.

That way they can walk into the meeting and give you quality financial advice straight away.

The adviser will then find New Build investment properties that fit your plan. This happens before your second meeting.

In 2023, we helped 432 Kiwis buy 458 properties.

We don’t like blowing our own trumpet, but in case you don’t know, we help Kiwis invest in property. Our financial advisers can help you create a property investment plan, and then find properties for you.

Our goal is to make investing in property easy for you. That’s why we also have mortgage advisers, property managers and property accountants in our team. That way you can get all the help you need in one place.

Don’t be poor in retirement

If you dream of spending your later years sipping cocktails on a beach, playing rounds of golf and/or eating at your favourite restaurant ... it’s not likely to happen if you just rely on NZ Super to fund it.

In fact, the pension alone won’t even fund a relatively basic lifestyle.

On average, the investors we work with here at Opes Partners want to spend $100,000 a year in retirement (about $2,000 a week).

Right now, the base superannuation (for a couple) is $764.

So, if you just rely on NZ superannuation, you could be $736 short per week.

On top of that, there’s a good chance the age you are eligible for Super will go up in the future.

– Read this guide & make your decisions (if you haven't already)

– Put your financial information into My Wealth Plan

– Confirmed that both you and your partner can make the meeting